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Changes over time for: Section 26
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This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/07/2016.
Changes to legislation:
Bank of England and Financial Services Act 2016, Section 26 is up to date with all changes known to be in force on or before 25 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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26Decisions causing a financial institution to fail: meaning of insolvencyU.K.
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Nodiadau Esboniadol
(1)Section 37 of the Financial Services (Banking Reform) Act 2013 (interpretation of section 36) is amended as follows.
(2)In subsection (10)—
(a)after paragraph (c) insert—
“(ca)building society insolvency,
(cb)investment bank insolvency,”;
(b)after paragraph (e) insert—
“(ea)building society special administration,”.
(3)After subsection (10) insert—
“(11)For the purposes of subsection (10)—
“bank administration” has the same meaning as in the Banking Act 2009 (see section 136 of that Act);
“bank insolvency” has the same meaning as in that Act (see section 90 of that Act);
“building society insolvency” and “building society special administration” have the same meaning as in the Building Societies Act 1986 (see section 119 of that Act);
“investment bank insolvency” means any procedure established by regulations under section 233 of the Banking Act 2009.”
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